Axis Bank Miles & More vs IndiGo SBI ELITE
Full side-by-side comparison based on verified card data. Updated April 2026.
Quick Verdict
IndiGo SBI ELITE Credit Card wins 5 of 8 dimensions with a CardTrail Score of 8.4/10 vs 7.7/10.
| Feature | Axis Bank Miles & More | IndiGo SBI ELITE |
|---|---|---|
| CardTrail Score | 7.7/10 | 8.4/10 |
| Annual Fee | ₹3,500 | ₹4,999 |
| Base Reward Rate | 1% | 1% |
| Max Reward Rate | 4% | 5% |
| Forex Markup | 3.5% | 1.99% |
| Domestic Lounges | 0 | 8 |
| International Lounges | 2 | 6 |
| Fuel Surcharge Waiver | Yes | Yes |
| Network | Visa | Visa |
When to Choose Axis Bank Miles & More
- You can meet the fee waiver condition: Waived for HON/Senator members
- Your primary spend is: travel, miles, lufthansa
When to Choose IndiGo SBI ELITE
- You can meet the fee waiver condition: Spend ₹5L/year
- You travel internationally — saves ₹1,510/year on ₹1L forex spend
- You want higher rewards — up to 5% vs 4%
- Airport lounge access matters — 8 domestic visits
Forex Cost Comparison
On ₹1,00,000 annual international spending: Axis Bank Miles & More costs ₹4,130 in forex fees vs IndiGo SBI ELITE at ₹2,348. You save ₹1,782/year with IndiGo SBI ELITE.
Annual Fee Value Analysis
To break even on Axis Bank Miles & More's ₹3,500 fee at 1% rewards, spend ₹29,167/month.
To break even on IndiGo SBI ELITE's ₹4,999 fee at 1% rewards, spend ₹41,658/month.